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, 2025, , . equities by liquidity. The move followed mixed signals from earnings reports and sector-specific headwinds.
Analysts noted that industrial conglomerates faced renewed pressure from slowing manufacturing indices in key markets. The company's exposure to energy transition projects remained a focal point, though recent project delays in offshore wind farms raised short-term concerns. Institutional selling pressure intensified in afternoon trading, reflecting caution ahead of upcoming quarterly guidance.
Backtesting parameters for volume-based strategies require defining key parameters including universe scope (NYSE/NASDAQ/AMEX vs. S&P 500), price convention (close-to-close or next-day open), weighting methodology (equal-weight vs. volume/cap-weighted), , . Once confirmed, , 2022, , 2025, .

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